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Polygon's transition from MATIC to POL left users wondering what would happen to their existing MATIC tokens and how to best store them. Managing digital assets efficiently requires selecting the best Polygon wallets to ensure smooth token transfers from CEXs like Binance or Bybit and streamlined interactions with decentralized applications (dApps).

Let’s take a closer look at each option so you can find the solution to safely manage your MATIC and other tokens on the network.

  • Ledger Flex — A Lightweight Wallet Designed for Convenience and Safety
  • KeepKey — Big Screen, Bigger Peace of Mind
  • Ledger Stax — A Stylish Yet Powerful Choice for Crypto Storage
  • Trezor Safe 5 — Designed for Comfort, Built for Security
  • Ledger Nano X — Bluetooth, DeFi, and Top-Tier Protection in One Device
  • Binance Wallet — A Reliable Polygon Wallet With Proactive Risk Management
  • Zengo — Reimagining Security With MPC Cryptography
  • Kraken Wallet — Stay in Control With Advanced Security
  • Coinbase Wallet — Easy Web3 Exploration and dApp Access
  • KuCoin Wallet — A Dual-Function Wallet for Seamless Trading

Time for an exploration!

1. Ledger Flex — A Lightweight Wallet Designed for Convenience and Safety

Ranks #1 out of 10 Crypto Wallets

 Wallet Type: Cold wallet

 Supported Assets: 5,500+ supported cryptocurrencies

Ledger Flex delivers a sleek, lightweight hardware wallet experience with a secure E Ink® touchscreen and an upgraded 16-scale grayscale display. Designed for portability and ease of use, it comes in two color options and packs up to 10 hours of battery life, so users can manage their assets without constantly reaching for a charger.

This hardware wallet integrates seamlessly with the Ledger Live app, enabling users to send, receive, and visualize Polygon tokens and NFTs without the need for third-party support. Within the “Account” section, Polygon NFTs are automatically displayed, allowing users to track holdings effortlessly.

For improved organization, the wallet provides an option to hide unwanted NFT collections, helping to declutter the interface by filtering out spam assets. Given the high volume of airdrops in the Polygon ecosystem, this feature is a game-changer for keeping things tidy.

Best Polygon wallet: Ledger Flex explaining why its UX is great.

With a CC EAL6+ certified secure chip, Ledger Flex ensures private keys stay offline, protecting them from phishing attempts, malware, and online attacks. The 4–8 digit PIN code, set during setup, adds another layer of protection by ensuring that only the rightful owner can access the wallet.

Clear Signing eliminates the risks of blind signing—a common vulnerability where users approve transactions without seeing the full details. Instead of trusting a potentially compromised computer or smartphone screen, all transaction data is displayed directly on the Ledger Flex touchscreen. As a result, users can verify exactly what they’re approving before signing.

👉🏻 Visit Ledger Flex
...or read our Ledger Flex review

2. KeepKey — Big Screen, Bigger Peace of Mind

Ranks #2 out of 10 Crypto Wallets

 Wallet Type: Cold wallet

 Supported Assets: 7,000+ supported cryptocurrencies

KeepKey offers a straightforward yet secure way to manage Polygon tokens, combining hardware-level protection with an easy-to-use design.

The device stores private keys offline, shielding them from online threats like malware and phishing attacks. During the initial setup, it generates a 12-word recovery phrase, which acts as a backup in case the wallet is lost or damaged.

It's recommended to write down the 12-word seed phrase on a piece of paper and keep it safe, instead of storing it digitally.

Built with a large digital display, it provides clear visibility into every transaction, reducing the risk of sending assets to the wrong address. Contrary to hardware wallets with smaller screens, KeepKey allows users to view full cryptocurrency addresses without constant scrolling, improving accuracy and usability.

Best Polygon wallet: KeepKey website.

Every transaction on KeepKey requires manual approval through a confirmation button.

The single-button design simplifies interactions, as most actions—such as entering a PIN or recovering a wallet—are handled through the companion mobile app. This setup streamlines the user experience while maintaining security, as sensitive information stays within the device’s secure environment.

As a Polygon-compatible hardware wallet, KeepKey enables users to store, send, and receive POL with the same level of security applied to other digital assets. The combination of a large screen, manual transaction verification, and offline key storage makes it one of the most practical choices for crypto holders looking for a balance between convenience and protection.

👉🏻 Visit KeepKey
...or read our KeepKey review

3. Ledger Stax — A Stylish Yet Powerful Choice for Crypto Storage

Ranks #3 out of 10 Crypto Wallets

 Wallet Type: Cold wallet 

 Supported Assets: 5,000+ cryptocurrencies

Ledger Stax isn’t your average hardware wallet—it’s a device that blends cutting-edge functionality with modern design. Moving away from the iconic USB-drive-inspired look of its predecessors, this wallet resembles a compact iPod.

That’s no coincidence; Tony Fadell, the creator of the original iPod, spearheaded its design. Sleek and futuristic, it features a curved E Ink® edge display and a touchscreen, raising the bar for hardware wallet aesthetics.

Best Polygon wallet: Ledger Stax page.

Underneath the polished exterior lies robust security. Stax uses the company's exclusive Secure Element chip, offering enhanced protection compared to standard wallet chips. This is further reinforced by its CC EAL6+ rating, an internationally recognized security assurance level. The combination makes it ideal for storing over 5,500 cryptocurrencies and tokens, including Polygon.

Like its siblings, you will need to take a few manual steps for the MATIC-to-POL upgrade. Using the Paraswap integration within Ledger Live, you can perform the conversion seamlessly.

In short, the Ledger Stax is not only a powerful tool for Polygon enthusiasts but also a statement piece in the crypto wallet landscape, combining usability, security, and design in one sleek package.

👉🏻 Visit Ledger Stax
...or read our Ledger Stax review

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4. Trezor Safe 5 — Designed for Comfort, Built for Security

Ranks #4 out of 10 Crypto Wallets

 Wallet Type: Cold wallet

 Supported Assets: 7,700+ cryptocurrencies

Trezor Safe 5 wallet is a top-notch option amongst the best Polygon wallets due to its robust security features, such as the advanced OPTIGA Trust M (V3) Secure Element chip, which ensures your POL (and other assets) are protected from brute-force attacks.

It's an NDA-free chip, designed to protect highly sensitive information from software and hardware attacks.

The addition of SLIP39 as the default backup option further strengthens your ability to recover your wallet securely, offering a 20-word seed phrase for added protection. For those still using the older BIP39 standard, Trezor gives you the option to stick with a 12- or 24-word phrase, so you're not left behind during MATIC's transition.

Best Polygon wallet: Trezor Safe 5 page.

User experience is not overlooked either. With a sleek design, scratch-resistant Gorilla Glass, and tactile feedback, Trezor Safe 5 delivers a top-notch experience. Combining high-level security with everyday usability, it’s a solid option for anyone serious about crypto.

Plus, with its open-source approach and community contributions, Trezor continues to build trust and transparency, which is vital for any serious crypto enthusiast. Every product it offers is open-source

This public approach means global developers can contribute improvements, identify issues, and suggest ways to enhance security. It’s a collaborative process that keeps the wallet up-to-date and reliable.

👉🏻 Visit Trezor Safe 5
...or read our Trezor Safe 5 review

5. Ledger Nano X — Bluetooth, DeFi, and Top-Tier Protection in One Device

Ranks #5 out of 10 Crypto Wallets

 Wallet Type: Cold wallet 

 Supported Assets: 5,500+ cryptocurrencies

When discussing the best Polygon crypto wallets, Ledger Nano X surely earns its place among the top contenders. It's a cold wallet designed to keep your assets out of reach from hackers.

With its ST33 secure element chip and BOLOS operating system, it safeguards your private keys with cryptographic precision. Even a compromised PC can’t jeopardize your funds, as transaction signing requires a physical device and a secret recovery phrase.

Ledger Nano X also stands tall with its support for Polygon. However, a little manual dexterity is needed for the MATIC-to-POL transition. While the shift has redefined the network's tokenomics, your ERC-20 MATIC tokens in a Ledger wallet won’t convert to POL automatically.

Best Polygon wallet: Ledger Nano X.

Thankfully, you can use Paraswap via the Ledger Live app to convert the token. Just make sure your MATIC coins are parked in your Ethereum account, not your Polygon account.

Now, going back to its features, the Ledger Nano X adds convenience and flexibility with Bluetooth support, allowing you to connect it to your computer or phone without needing cables.

You can easily manage your POL and other assets via the Ledger Live app, making it a highly accessible option.

With its support for dApps and DeFi platforms, the Ledger Nano X offers excellent functionality for the Web3 space. However, this powerful device doesn’t come cheap, priced at $149, but you get what you pay for: top-tier protection, user-friendly features, and compatibility with a wide variety of cryptocurrencies, including POL.

👉🏻 Visit Ledger Nano X
...or read our Ledger Nano X review

6. Binance Wallet — A Reliable Polygon Wallet With Proactive Risk Management

Ranks #6 out of 10 Crypto Wallets

 Wallet Type: Hot wallet

 Supported Assets: 600+ cryptocurrencies

Binance Wallet has earned its stripes as one of the best Polygon wallets in the world of cryptocurrencies. The platform’s integration with the network showcases this wallet's adaptability to blockchain advancements.

Binance supported the transition of MATIC to POL by ensuring a smooth process for users. All MATIC balances were either converted or transferred automatically to relevant accounts during the swap. This streamlined approach minimized user hassle, showing the platform's commitment to providing a user-friendly experience during significant blockchain shifts.

Trading POL tokens on Binance became effortless with multiple trading pairs like POL/ETH, POL/BTC, and POL/USDT. Even more impressively, Binance Futures took extra steps to protect users during the volatility that can accompany such transitions.

Best Polygon wallet: Binance Futures.

Adjustments to leverage, margin levels, and funding rates were implemented, ensuring users’ positions remained as secure as possible. This level of proactive risk management is a hallmark of this Polygon crypto wallet’s reliability.

Furthermore, Binance Wallet shines as a comprehensive storage solution. With advanced security features like 2FA, multi-party computation (MPC), and a SAFU fund, users are well-protected against potential cyberattacks. Not to mention, most user assets are stored in cold wallets, adding another layer of protection against online threats.

Furthermore, its integration with the main exchange platform simplifies asset management, trading, and staking. Users can interact with multiple blockchains seamlessly via Binance Bridge, making it ideal for those managing diverse portfolios.

Paired with the wallet’s accessibility on desktop and mobile, you'll have a versatile tool catering to beginners and seasoned crypto enthusiasts.

With its free-to-use model (barring transaction fees), Binance Wallet truly offers a well-rounded package for managing your Polygon assets and beyond.

👉🏻 Visit Binance Wallet
...or read our Binance Wallet review

7. Zengo — Reimagining Security With MPC Cryptography

Ranks #7 out of 10 Crypto Wallets

 Wallet Type: Hot wallet

 Supported Assets: Over 180 supported cryptocurrencies

Zengo takes a different approach to the safe storing of cryptocurrencies, moving away from traditional private keys and embracing Multi-Party Computation (MPC) cryptography.

Rather than relying on a single private key, the wallet generates two unique cryptographic signatures—one stays on your device while the other is securely stored on Zengo’s servers. The method removes a single point of failure, reducing the risk of losing access to funds due to a misplaced key or a security breach.

Sending and receiving Polygon NFTs here is an easy-to-follow process. The app allows users to send NFTs by entering the recipient’s Polygon wallet address and confirming the transaction in just a few taps. Additionally, it provides reliable storage for Polygon NFTs and includes a built-in spam filter to protect users from unwanted assets.

Best Polygon wallet: receiving an NFT.

For those looking to buy POL, Zengo offers a built-in fiat onramp, supporting payments in multiple currencies, including US Dollars, British Pounds, and Euros.

Its cloud-based recovery system offers an added layer of security and convenience. Zengo Recovery File, stored in the cloud, ensures you can regain access even if you lose your phone or delete the app. As opposed to traditional recovery phrases that require users to store and protect a string of words, this method simplifies the process while still preventing unauthorized access.

Zengo provides more than just a place to secure and transfer Polygon tokens—it also includes opportunities to earn rewards.

Users can stake eligible cryptocurrencies directly through the app, earning an annual percentage yield (APY) or annual percentage rate (APR) on their holdings. While staking options may vary, the ability to generate passive income from within a secure wallet adds extra value for long-term Polygon holders.

👉🏻 Visit Zengo
...or read our Zengo review

8. Kraken Wallet — Stay in Control With Advanced Security

Ranks #8 out of 10 Crypto Wallets

 Wallet Type: Hot wallet

 Supported Assets: 360+ cryptocurrencies

Security-conscious users will appreciate the Kraken Wallet. Its additional safeguarding features, like customizable API key permissions, account timeouts, and the absence of SMS-based recovery, fortify your account against vulnerabilities.

Its dedication to safety is also evident, with a staggering 95% of users’ funds stored offline in cold wallets.

The assets are distributed across various locations and monitored around the clock by security teams and video surveillance.

For those worrying about delays, Kraken Wallet ensures swift access to funds for trading. Its built-in exchange functionality eliminates the need to transfer assets back and forth, saving precious seconds.

Best Polygon wallet: Kraken Wallet.

This is especially vital for day traders who know that in the world of cryptocurrencies, hesitation can mean missed opportunities. With Kraken Wallet, every moment counts, and every trade can be executed in the blink of an eye.

Moreover, Polygon enthusiasts can rest easy knowing that the platform supports MATIC and POL on the Ethereum network (until further notice).

During the blockchain transition, users were able to trade MATIC for POL using the Pro version or the app’s convert feature. Alternatively, Kraken automatically handled the migration at a 1:1 ratio for several months. The transition was smooth, allowing users to stay in control without unnecessary complications. It is no wonder that many deem it as one of the best MATIC wallets.

👉🏻 Visit Kraken Wallet
...or read our Kraken Wallet review

9. Coinbase Wallet — Easy Web3 Exploration and dApp Access

Ranks #9 out of 10 Crypto Wallets

 Wallet Type: Hot wallet

 Supported Assets: 1,000+ cryptocurrencies

Coinbase Wallet holds its own as one of the best Polygon-compatible wallets, thanks to its robust features and seamless support for MATIC and POL tokens.

Security is no laughing matter here—2FA, multi-signature protection, and spam token management keep your digital assets snug and safe. Moreover, there's a dApp blocklist that shields you from sketchy apps. This hot wallet is like a virtual fortress for your crypto treasures.

Now, let’s clear something up—Coinbase Wallet isn’t the same as the Coinbase exchange. They’re two separate platforms, but they work great together.

For example, creating a Coinbase Wallet makes it easier to tap into the exchange’s services. You’ll get access to a crypto vault, and moving between your wallet and the exchange feels almost effortless.

Best Polygon wallet: Coinbase Wallet.

Using the wallet is also super straightforward. Setting it up is as simple as downloading the app, following a few prompts, and securing your recovery phrase.

The mobile app comes with a built-in decentralized web browser, letting you explore Web3 and connect to dApps as easily as using any regular browser. On desktop, the browser extension makes connecting your wallet to DeFi platforms quick and painless, and you can even pair it with a Ledger wallet for extra security.

Speaking of dApps, Coinbase Wallet connects you to thousands of them, so you have endless ways to use your crypto or dive into the Web3 world.

Finally, what truly sets it apart as the best MATIC wallet? During the token's transition to POL, balances were migrated 1:1, and deposits like USDC and WETH on Polygon were credited as POL once the procedure wrapped up. Some features were paused temporarily, but the process was well-managed overall.

👉🏻 Visit Coinbase Wallet
...or read our Coinbase Wallet review

10. KuCoin Wallet — A Dual-Function Wallet for Seamless Trading

Ranks #10 out of 10 Crypto Wallets

 Wallet Type: Hot wallet

 Supported Assets: 700+ cryptocurrencies

KuCoin Wallet, now known as Halo Wallet, deserves a spot among the best Polygon wallets, and it’s not just because of its versatility. Though primarily a SocialFi platform, it’s also a powerful wallet that supports seamless trading directly on the interface with a twist of community building.

In April 2023, KuCoin Wallet spun off from the exchange and underwent a rebranding to become Halo Wallet.

For those deeply engrossed in the fast-paced world of cryptocurrency trading, this dual functionality can feel like a game-changer. Imagine juggling trading schedules while keeping up with market volatility—it’s like playing chess on a roller coaster!

However, Halo Wallet ensures you’re strapped in and ready for the ride. Also, yes, it fully supports Polygon, so there is no need to worry about compatibility during the network's transition from MATIC to POL.

Best Polygon wallet: Halo Wallet.

If you held MATIC on Polygon PoS, your tokens would be converted seamlessly to POL in September 2024. For assets on Ethereum or zkEVM, the wallet provided migration support via contracts.

Just like most platforms that handled the transition automatically, Halo ensured a smooth conversion ahead of the deadline. Its attention to detail demonstrates how Halo stays ahead in catering to user needs, particularly during major blockchain updates.

On the security front, Halo employs 2FA, email verifications, and 24/7 monitoring. Though it faced a security breach in 2020[1], the platform’s quick recovery and insurance fund reassured users of its commitment to safeguarding assets.

👉🏻 Visit KuCoin Wallet
...or read our KuCoin Wallet review

How to Choose the Best Polygon Wallet

Each wallet offers different benefits depending on your specific needs and use case. Let’s dive into the key considerations when choosing the best Polygon wallet for you. 

Hardware VS Software Wallets

Security is the first factor that should come to mind when selecting a Polygon wallet, especially if you handle substantial amounts of MATIC or other valuable crypto assets. Hardware wallets, such as the Ledger Stax or Trezor Safe 5, offer an unmatched level of protection against hacking attempts

By keeping your private keys offline, these devices essentially eliminate the threat of online attacks. If you're a long-term holder or have significant investments, this type of wallet ensures your assets are kept safe in the physical world, far from the reach of cybercriminals.

On the flip side, software wallets like Binance Wallet provide more convenience for everyday users, offering a seamless interface for DeFi transactions and NFT purchases. However, security must still be a priority with these options.

Best Polygon wallet: security guard with a dog.

Using a strong password, enabling two-factor authentication (2FA), and taking precautions like backing up recovery phrases will help reduce the risk of losing your assets to malicious actors.

Keep in mind, though, that software wallets are more vulnerable to phishing attacks and malware compared to their hardware counterparts, making them less ideal for long-term storage of large amounts of crypto.

As you weigh your options, consider your specific needs. If you plan to interact with DeFi platforms or buy and sell NFTs frequently, a software wallet might be more suitable for its accessibility. However, long-term investors looking to secure substantial POL holdings would benefit from the added protection that hardware solutions provide.

📚 Read More: Different Types of Crypto Wallets

Compatibility with Polygon Network

Ensuring that your wallet is compatible with the Polygon network is crucial. You wouldn’t want to find out it doesn’t support POL or other assets on the blockchain, which could be a frustrating experience.

An extra feature to consider is multi-chain compatibility. Some of the best wallets like Bybit Wallet, support not only Polygon but also other chains like Ethereum and BNB Chain.

If you plan on using multiple networks, check if the wallet allows easy switching between them. Some wallets require manual configuration, while others automatically detect and connect to supported chains.

These capabilities provide users the flexibility to move across different networks and manage multiple assets in one place. So, when deciding which option is the best for you, don’t forget to consider how often you plan on interacting with Polygon and how easy it is to add or switch between networks.

Ease of Use

Usability is another important factor when choosing the best Polygon wallet, especially for newcomers who may not be as familiar with blockchain and cryptocurrency management. A solution with an intuitive interface and user-friendly design can save you a lot of headaches.

When deciding on an option, think about how comfortable you are navigating crypto features. If you’re just starting, go for the one that’s easy to set up and use.

Best Polygon wallet: Kraken explaining why you should choose their wallet.

For experienced users or those holding large sums, a slightly more complex wallet with enhanced security measures might be the better choice.

Wallets from Coinbase or Kraken stand out because they offer easy-to-navigate features that don’t overwhelm users. They typically have seamless integrations for buying, selling, and swapping tokens, including POL, with minimal technical know-how required.

Cost and Fees

Polygon’s Layer 2 solution is already designed to significantly reduce transaction costs.[2] That said, a wallet that supports the blockchain will further improve the cost-efficiency of MATIC or POL transfers, which is especially beneficial for frequent transactions or those aiming to optimize their investments without incurring high fees.

Best Polygon wallet: a man holding a wallet.

Above all, transaction costs play a significant role, especially when transferring assets across networks. While Polygon’s low fees are a highlight, certain wallets may charge additional rates for network bridging or integration with third-party services.

Selecting the best Polygon wallet involves weighing these fees against the benefits it offers, such as robust security, seamless dApp integration, or portfolio management tools. By also factoring in costs upfront, you can make a more informed decision that suits both your budget and crypto goals.

Conclusions

To wrap up, choosing the best Polygon wallets is crucial for anyone looking to navigate the ecosystem smoothly. A wallet's compatibility ensures seamless interactions with MATIC, dApps, and the broader DeFi landscape. With the token's transition from MATIC to POL, it's important that your storage handles these changes effectively.

The shift has made it even more essential to rely on trusted wallets, whether hardware or software. Both types of wallets play key roles during the transition.

At the end of the day, your selection depends on your specific needs. If you're focused on trading, staking, or securing your digital assets, there’s a wallet option that fits your style and goals. Consider what matters most to you and pick accordingly to get the most out of Polygon’s evolving ecosystem.

Hardware wallets like Ledger Stax offer extra security for long-term holders. Meanwhile, software options like Binance Wallet enable quick, flexible transactions on the go.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. Charoenwong, B., & Bernardi, M.: 'A Decade of Cryptocurrency “Hacks”: 2011 – 2021';

2. Rana, S. K., Rana, A., K., Rana, S., Sharma, V., Lilhore, U. K., Khalaf, O. I., & Galletta, A.: 'Decentralized Model to Protect Digital Evidence via Smart Contracts Using Layer 2 Polygon Blockchain'.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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5.0/5.0 - Ledger Nano X User
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No bad words

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it was better in the past but im so lazy to change wallets

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FAQ

What is the best wallet for Polygon?

When looking for the best Polygon wallets, consider options that offer seamless integration with the network, strong security, and user-friendly interfaces. Some top choices include Ledger Stax and Trezor Safe 5, which store your assets offline and render them highly resistant to cyberattacks. These storage solutions support POL and ensure safe, smooth transaction processing on the blockchain.

Where to store Polygon (POL)?

Preferably, go with the best Polygon wallets that support the network, such as Binance Wallet and Ledger Stax. They allow users to safely store POL, interact with dApps, and manage crypto assets. That said, the former is a hot wallet, which is more convenient for users who regularly use exchanges and don't want the hassle of connecting a hardware device. On the other hand, the latter is a cold wallet. While the setup takes a bit more effort, that very process is what makes it more secure—keeping your assets offline and away from constant threats of hacks.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are "hot" and "cold" wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It's also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won't lose all of your assets.

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